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November 05, 2008 |
US treasury sells bail-out bonds
BBC (UK)
The United States government plans to sell bonds worth $55bn (£34bn) in an effort to finance its bank rescue programme. |
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October 09, 2008 |
For states, it's a 'worst-case scenario'
CNNMoney
States and municipalities are facing their worst budget crunches in decades - and it's only going to get worse. |
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October 07, 2008 |
2008: Worst DJIA crash since 1937
Bloomberg
U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. |
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October 07, 2008 |
Iceland teeters on the brink of bankruptcy
Washington Post
This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. |
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October 06, 2008 |
Commodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg
Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. |
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October 06, 2008 |
S&P: most dividend cuts in 50 years
CNNMoney
Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years. |
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October 03, 2008 |
French PM says world 'on edge of abyss'
Reuters
French Prime Minister Francois Fillon said on Friday the world stood on the "edge of the abyss", gripped by a global financial crisis now threatening industry, trade and jobs worldwide. |
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October 01, 2008 |
Foreign sentiment dims about U.S.
Speigel Online
The banking crisis is upending American dominance of the financial markets and world politics. The industrialized countries are sliding into recession, the era of turbo-capitalism is coming to an end and US military might is ebbing. Still, this is no time to gloat. |
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September 23, 2008 |
CEO murdered by mob of sacked Indian workers
TimesOnline (UK)
Corporate India is in shock after a mob of sacked workers bludgeoned to death the chief executive who had dismissed them from a factory in a suburb of Delhi. |
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September 18, 2008 |
'The World As We Know It Is Going Down'
Speigel Online
Panic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip. |
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